Context: The Union Cabinet approved a Bill to set up a Development Finance Institution.

Details:

• The government had mentioned in the Budget that it would be setting up a national bank for funding infrastructure and development activity.
• As of December 2019, she said, there were over 6,000 brownfield and greenfield projects requiring funding.
• The Budget provided for an initial amount of Rs. 20,000 crore for the institution.

https://www.thehindu.com/todays-paper/tp-national/cabinet-gives-nod-to-bill-for-setting-up-dfi/article34087248.ece

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